RaynLim

GBPJPY - Bullish Shark Pattern

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FX:GBPJPY   ポンド/円
Most traders see this trading setup as a buy zone(blue rectangle) that has been broken. Well, you aren't wrong about it, but the trend has not turned bearish because I will need to wait for another break and close below the recent low(yellow eclipse) for that to happen.

I'm waiting for a Bullish Shark pattern for a buying opportunity, as long as it didn't break and close below the yellow eclipse, this can still be a strong buying opportunity.

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